Monetary assistance reached 8.2% of GDP in 2020

According to government estimates, the measures implemented to contain the adverse effects of covid-19 were equivalent to 4.9% of GDP. It forced the national administration to seek financing and, although it bet on public debt placements in the local market, a large part came from the Central Bank’s monetary assistance: the entity turned over 8.2% of the GDP to the Treasury.

Source: Ámbito